BlackRock’s Tokenized Treasury Fund Reaches $500 Million Milestone

The BlackRock USD Institutional Digital Liquidity (BUILDL) Fund has achieved a significant milestone, reaching a $500 million market cap. This makes it the first tokenized treasury fund to hit this mark.

Launched less than four months ago, BlackRock BUIDL now holds $502.8 million worth of tokenized Treasuries, according to Ethereum block explorer Etherscan.

BUIDL’s value is pegged 1:1 with the U.S. dollar, providing daily accrued dividends directly to investors each month through a partnership with real-world asset tokenization platform Securitize.

In January, BlackRock CEO Larry Fink highlighted the potential of blockchain tokenization to enhance capital market efficiency. Boston Consulting Group estimates that the tokenization market could reach $16 trillion by 2030. U.S. Treasuries are just the beginning — stocks, real estate, and many other assets can also be tokenized, opening new opportunities for investors and the financial industry.

Image source: CryptoSlate